Filed October 23, 2020
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
USI CONSULTING GROUP4 years Filed as: USI ADVISORS, INC. Service code 26 · EIN 06-1397347 | Advisory (Participants) | $24,139 |
CHARLES SCHWAB & CO., INC.7+ years Filed as: CHARLES SCHWAB & CO., INC Service code 18 | Custodial (securities); Shareholder s... | $0 |
CHARLES SCHWAB & CO., INC.7+ years Service code 18 · EIN 94-1737782 | Custodial (other than securities); Cu... | $0 |
CHARLES SCHWAB & CO., INC.7+ years Filed as: CHARLES SCHWAB BANK Service code 18 · EIN 82-3967259 | Investment management fees paid indir... | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $62,617 | $62,581+0.1% | $124,672-49.8% | $86,799-27.9% |
| Participation rate | 13.9% | 56.9%-42.9pp | 74.6%-60.7pp | 72.3%-58.4pp |
| Annual return | 10.47% | 26.67%-16.2pp | 5142.93%-5132.5pp | 97.91%-87.4pp |
| Employer contribution / active EE | $559 | $1,604-65.1% | $3,324-83.2% | $2,405-76.8% |
| Participant deferral / active EE | $215 | $2,725-92.1% | $4,614-95.3% | $4,131-94.8% |
| Admin fee / account holder | $302 | $170+77.9% | $7,493-96.0% | $170+78.0% |